Analysts forecast the rupiah will weaken to a range of Rp18,120-Rp18,180 per US dollar on Wednesday. The outlook cites a firmer US dollar index at 101.89 and a 5 basis point rise in the 10-year US Treasury yield to 4.62%, along with domestic political concerns.
A weaker rupiah makes dollar-priced feed imports more expensive for Indonesian buyers, while rising US yields reinforce a strong-dollar backdrop for commodities.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.